Advertisement

  1. National

JP Morgan fined £572m

Investment bank JP Morgan has been fined £572 million ($920 million) by UK and US regulators over the 'London Whale' trading scandal - the nickname of a bond market trader who was reported to be making trades worth up to $10 trillion in April 2012.

View all 9 updates ›

Breakdown of JP Morgan's £572m fine

Here are the key points behind JP Morgan's £572 million fine issued by US and UK regulators.

  • JP Morgan was handed a £137 million fine by the the UK's Financial Conduct Authority (FCA), the second biggest ever issued by a UK authority.
  • The bank was also given a £435 million penalty by three American regulators, including the US Federal Reserve.
  • JP Morgan's total fine for "serious failings" over the London Whale trading scandal is £572 million.

More top news